The rest of post is inspired by and adapted from this wonderful post on debt capacity bargains by Prof Sanjay Bakshi. MOIL, a Mini Ratna, is India‘s largest producer of manganese ore accounting for ~50% of the country’s total output. At present, MOIL operates 10 mines, six located in the…

Evaluating management is one of trickiest part while building an investment case. Especially, when it comes to small caps and mid cap companies run by first or second generation promoters, were much information about them in not available publicly. Also many of retail investors don't have privilege to meet management,…

Motilal Oswal wealth studies are great source of learnings for any investor, They adopt a unique approach of taking up a theoretical concept every year and then explain it through numbers. In year 2000, they introduced a concept called payback period, this is what the study said Focus on payback…

Over last few weeks, I have started reading an excellent book on business models – Business Model Generations – A handbook for Visionaries, Game Changers and Challengers – This book is must read for all buddying investors The book is logically structured right from providing canvas for depicting business models…

In my last month’s newsletter, I briefly touched upon deliberating on idea of selling and not holding stocks at over stretched valuation Charlie Munger says , Investing is where you find a few great companies and then sit on your ass Fisher famously stated that the time to sell a…

What is pricing power ? A simple question from Prof Sanjay Bakshi on Twitter got a gamut of responses from his legion of followers, Don't miss the entire discussion here I have tried to penned down my understanding in form of few questions hope they help you next time when…

There is almost a unanimous agreement in investment community that RoE is an important indicator of health of a company, High sustainable ROE implies sustainable competitive advantages and hence investment attractiveness of the company Sustainable is a key word here so always execute ROE analysis for at least 5 years if…

One quote is copy pasted on my desktop as a sticky note and I read it every time I look at new investment opportunity What to look for in a great business? A high return on capital (not contributed by a very low margin operation where margins could fall) which…

There are two schools of thoughts lets contemplate over them Balanced diversification Rohit Chauhan – On his blog My bet or size of the position is generally 2% or 5 % and a max of 10% if my level of confidence is very high. However I am not into portfolio…